Nantes, Tuesday, January 17th. At the nexus of cloud computing, the Internet of Things and renewables, QOS Energy has experienced exponential and international growth over recent years. The capital, raised from two independent growth equity investors: ETF Partners and current shareholder GO CAPITAL, will ensure QOS Energy increase this momentum. The investment will be used to enrich analytics, develop grid balancing and storage-ready services, and support continued international expansion.
Founded in 2010, the independent software vendor has rapidly expanded, securing a roster of Europe’s, North America’s and India’s largest renewable energy producers, asset managers and O&M services providers. These include NEOEN, CONERGY Services and SOLV, who chose QOS Energy for the data intelligence it provides across their portfolio.
QOS Energy’s cloud-based renewable energy management system – Qantum® – collects data from millions of sensors and devices deployed across multiple solar, wind, biogas, hydro, storage and hybrid assets. The data is transformed into comprehensive analytics enabling professionals as varied as plant managers, analysts, energy traders and maintenance engineers to significantly improve operational processes and financial returns.
One of QOS Energy’s key success factors is its unique ability to provide renewable energy companies with a single platform to access performance analytics, dashboards and KPIs across all their assets. This supports renewable energy companies’ global acquisition, growth and diversification strategies by streamlining operations of an increasingly varied set of energy assets, plants and systems.
“For our clients to get maximum value from their assets they need to make sense of an enormous amount of data sourced from across their entire renewable portfolios. This is where we come in. Using our data science technologies, such as machine learning, we transform raw datasets into data intelligence to enhance financial returns. The capital injection will be used to further industrialise data management processes, and setup local branches to support our clients, on the ground, in our most active markets.
